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EARNINGS PER SHARE | 6 Months Ended
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Jul. 01, 2017
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table provides a reconciliation between Basic and Diluted earnings per share (EPS):
| Basic EPS |  | Dilutive Effect of Stock Options |  | Diluted EPS
Thirteen weeks ended July 1, 2017: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 45,664 |  |  | $ | — |  |  | $ | 45,664 |
Shares outstanding (000 omitted) | 22,517 |  |  | 223 |  |  | 22,740 |
Per share amount | $ | 2.03 |  |  | $ | (0.02 | ) |  | $ | 2.01 |
Thirteen weeks ended June 25, 2016: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 42,026 |  |  | $ | — |  |  | $ | 42,026 |
Shares outstanding (000 omitted) | 22,602 |  |  | 147 |  |  | 22,749 |
Per share amount | $ | 1.86 |  |  | $ | (0.01 | ) |  | $ | 1.85 |
Twenty-six weeks ended July 1, 2017: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 84,643 |  |  | $ | — |  |  | $ | 84,643 |
Shares outstanding (000 omitted) | 22,494 |  |  | 206 |  |  | 22,700 |
Per share amount | $ | 3.76 |  |  | $ | (0.03 | ) |  | $ | 3.73 |
Twenty-six weeks ended June 25, 2016: |  |  |  |  |
Net earnings attributable to Valmont Industries, Inc. | $ | 74,995 |  |  | $ | — |  |  | $ | 74,995 |
Shares outstanding (000 omitted) | 22,651 |  |  | 131 |  |  | 22,782 |
Per share amount | $ | 3.31 |  |  | $ | (0.02 | ) |  | $ | 3.29 |
At July 1, 2017 and June 25, 2016, there were 84,712 and 381,973 outstanding stock options with exercise prices exceeding the market price of common stock that were excluded from the computation of diluted earnings per share, respectively.

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